How Billionaires Lose It All
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 17 October 2022
⏱️ 7 minutes
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Summary
Register for the FREE Generational Wealth webinar here: https://us02web.zoom.us/webinar/register/9716657773391/WN_5j-3VmMmSmGtr3XYTYUOSA
FaceTime or Ask Patrick any questions on https://minnect.com/.
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In today's video, Patrick Bet-David explains the best way to raise kids who will maintain generational wealth.
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How to Raise Successful Kids: https://youtu.be/gT5eRCqT9F0
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Transcript
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| 0:00.0 | I had a weird conversation last week that I want to share with you that has to do with generational |
| 0:04.0 | wealth and right now we're taking a deep dive in generational wealth you know the Medici family |
| 0:09.3 | the Rothschild the Rockefeller's the Vanderbilt we have hundreds of pages on generational wealth that |
| 0:14.8 | is going to lead to a webinar here soon but stay tuned I want to share two stories with you one |
| 0:18.9 | is what happened with a conversation I had that's the weird conversation the other one is a story |
| 0:22.8 | that's going to inspire and get you thinking and if you get value out of this video give it a |
| 0:26.5 | thumbs up and subscribe to the channel so we get right into it so Aaron McKee is a basketball |
| 0:31.4 | player MBA former basketball player that's a coach now who played for a guy named John Cheney |
| 0:36.7 | legendary coach from temple and John Cheney told him something once this video has been going viral |
| 0:41.9 | it's an unbelievable message here's how it goes he says John Cheney says it to him John Cheney says |
| 0:49.3 | my grandfather walked 10 miles every day my father walked five miles every day to school he says |
| 0:56.6 | I drive an escalate my son drives a Mercedes most likely my grandson will drive a Ferrari however |
| 1:04.5 | my great-grandson will be walking again did you get that so grandfather 10 miles father five |
| 1:10.9 | miles himself escalates son Mercedes grandson for a Ferrari great-grandson will be walking again |
| 1:17.2 | why is that so the person that walked 10 miles worked so hard for their son to only walk five |
| 1:23.2 | miles and then they work so hard so John Cheney can go get an escalate and he works so hard so his |
| 1:28.4 | son can have a Mercedes and he works our so his grandson can have a Ferrari and then great-grandson |
| 1:32.9 | loses everything again why is it that so many billionaires they're generational wealth doesn't |
| 1:37.2 | make you to third generation do you know the Vanderbilt's were the richest people in the world |
| 1:42.3 | and there's not a single Vanderbilt you know today and when Anderson Cooper when his mother |
| 1:47.9 | was talking to me says mom how much money should I be expecting since we're a sixth-generation |
| 1:52.7 | Vanderbilt mom says son you don't have a trust fund coming your way because someone screwed it up |
... |
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